Real Estate market fall or not Point of view by RK Properties, Best realtors and advice you to invest in right properties in Porbandar
We may be back to normal in 2022-23 in real estate because of the pandemic of covid 19,
As per our Survey, we explain how the pandemic coronavirus affects our real estate?
First, we understand graph
Example: - we just select a number, it is not a perfect number but It's just for understanding. suppose, if Porbandar Real Estate Market is on 10% up in 2019 but now, real estate market is down by 3%.
why only 3%?
That 3% include daily job workers like:- shippers, boat 🚢, rickshaw wala, etc this type of people are not earn much more and as per the situation nowadays, it is harder to earn as a lower-class person or middle-class person because surroundings market are closed down and its effect in inflation too. so he/she is rarely investing his money in the Real Estate market.
Secondly, when the owners have too many properties or houses for sale on the situation of the pandemic, it affects directly the owner or price of such properties. so in this situation owner sell his properties at a low price. At this point, the real estate market starting to falling down and this situation causes inflation in the market.
I am a real estate agent and in my opinion, it is the best time to invest in properties. yes, it's hard to invest and risky also but this is the time for smart play because in the future prices of properties gonna climb the sky and it depends upon the customer's mindset.
It's good buying time ⏲️
Nowadays loan interest rates are down 6% to 7% only,
Nowadays any new project is not launching in the market because of raises in prices of building material
1). Now, there is a shortage of homes
2). Now, there are Price raises in all building materials.
3). There are many changes in rules and regulations for Homes, Apartments, etc.
So, overall it's a good time for investment and buying a home
By 2040, the real estate market will grow to Rs. 65,000 crore (US$ 9.30 billion) from Rs. 12,000 crore (US$ 1.72 billion) in 2019. The real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute 13% to the country's GDP by 2025.22-Mar-2021
As per a report by Savills India, PE investment in the Indian real estate sector may recover and garner inwards flow to the tune of $6 billion in 2021, up 30% YoY. ... With improving growth prospects, real estate prices in the prime cities are expected to stay stable, with upwards growth in certain pockets as demand gro
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